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ESOPs: Everything Your A/E Firm Needs to Know (Part 1)

ESOPs: Everything Your A/E Firm Needs to Know (Part 1)

Published: June 22, 2010
Type: Webinar
Length: 60 minutes
Order Code: wb-esop1
Availability: In Stock
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This webinar is available in two parts. You can attend the parts individually or order the series at a discounted price.

As more owners of A/E firms approach retirement age, these firms will have to begin to explore various ownership succession strategies.  If ownership succession issues are not properly addressed, A/E firms may be faced with having to sell their company to another firm or to simply close up shop.  However, there is another approach that many owners of A/E firms have taken which is to sell to an employee stock ownership plan (ESOP).

Using an ESOP to facilitate ownership succession for privately held companies is popular because of the unique benefits provided to both the current owners of the company who choose to sell their stock to an ESOP as well as the employees who will participate in the ownership of the firm after the transaction.  Studies have also shown that employee-owned companies are generally more profitable than companies that don’t provide equity ownership to their employees.  According to a recent survey by the National Center for Employee Ownership, more than 65 percent of the 200 ESOP-based organizations polled reported growth or sustained profits in 2009 , one of the worst years economically in more than 70 years.

If your A/E firm is considering using an ESOP for ownership succession or if you are looking to buy or sell an employee-owned A/E firm, you will gain valuable insights by attending this two-part webinar series: ESOPs in the A/E Industry.

Expert presenters from ZweigWhite, GreatBanc Trust Company, and Levenfeld Pearlstein, LLC will discuss the key legal, administrative and valuation issues associated with using an ESOP for ownership succession of an A/E firm.  At the end of this two-day series, you will have a firm understanding of what an ESOP is, the factors to consider when deciding if an ESOP is right for you’re A/E firm and how to handle day-to-day administrative issues in maintaining an ESOP.

As more owners of A/E firms approach retirement age, these firms will have to begin to explore various ownership succession strategies.  If ownership succession issues are not properly addressed, A/E firms may be faced with having to sell their company to another firm or to simply close up shop.  However, there is another approach that many owners of A/E firms have taken which is to sell to an employee stock ownership plan (ESOP).

Using an ESOP to facilitate ownership succession for privately held companies is popular because of the unique benefits provided to both the current owners of the company who choose to sell their stock to an ESOP as well as the employees who will participate in the ownership of the firm after the transaction.  Studies have also shown that employee-owned companies are generally more profitable than companies that don’t provide equity ownership to their employees.  According to a recent survey by the National Center for Employee Ownership, more than 65 percent of the 200 ESOP-based organizations polled reported growth or sustained profits in 2009 , one of the worst years economically in more than 70 years.

If your A/E firm is considering using an ESOP for ownership succession or if you are looking to buy or sell an employee-owned A/E firm, you will gain valuable insights by attending our upcoming two-part webinar series: ESOPs in the A/E Industry.

Expert presenters from ZweigWhite, GreatBanc Trust Company, and Levenfeld Pearlstein, LLC will discuss the key legal, administrative and valuation issues associated with using an ESOP for ownership succession of an A/E firm.  At the end of this two-day series, you will have a firm understanding of what an ESOP is, the factors to consider when deciding if an ESOP is right for you’re A/E firm and how to handle day-to-day administrative issues in maintaining an ESOP.


AGENDA

Part 1: What is an ESOP, How Do ESOPs Work and is an ESOP Right for You’re A/E firm?

  • Why companies establish ESOPs
  • What are the basic rules for ESOP administration and how are ESOPs different from other retirement plans
  • How do ESOP transactions work 
  • The tax benefits of an ESOP, including a discussion on 1042 rollovers and S corporation ESOP structures
  • Restrictions and common misperceptions about ESOPs
  • A preview of what’s in store once you decide to go with an ESOP, including how owners can achieve partial liquidity and ESOP financing options 
Who Should Attend?
  • Firm Owners
  • Principals of architectural, engineering and construction firms
  • Law firms that assist A/E firms with ESOPs

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